Imeik Technology Development Co (300896) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months reached ¥2.38 billion, up 9.46% year-over-year; Q3 revenue was ¥719 million, up 1.10% compared to the same quarter last year.

• Net profit attributable to shareholders for the first nine months was ¥1.59 billion, up 11.79% year-over-year; Q3 net profit was ¥465 million, up 2.13% year-over-year.

• Basic and diluted EPS for the first nine months were ¥5.26, down about 20% year-over-year due to a capital increase from a bonus share issue.

Financial highlights

• Gross margin remained robust, with operating profit for the first nine months at ¥1.86 billion.

• Operating cash flow for the first nine months was ¥1.53 billion, up 4.72% year-over-year.

• Total assets at Q3-end were ¥7.93 billion, up 15.71% from the previous year-end.

• Shareholders’ equity increased 17.07% to ¥7.43 billion compared to the previous year-end.

• Non-recurring gains for the first nine months totaled ¥55 million, mainly from investment returns and government subsidies.

Outlook and guidance

• Management attributes EPS decline to a capital increase from a bonus share issue, not operational weakness.

• No explicit forward-looking financial guidance provided.